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Data firm IHS Markit to buy rival Ipreo for $1.86 billion

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(Reuters) – Data firm IHS Markit Ltd <INFO.O> said on Monday it will buy smaller rival Ipreo from private equity funds of BlackStone Group LP <BX.N> and Goldman Sachs <GS.N> for $1.86 billion (1.4 billion pounds).

The deal is expected to close in the second half of 2018, subject to regulatory approvals.

(Reporting by Diptendu Lahiri in Bengaluru; Editing by Arun Koyyur)

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